Elliott Justice
-
RE: Declaring Redundancy pay in Online Self Assessment
which is tax free = £12,847.50 Should I enter £26,846? (Total minus redundancy) ThanksThanks for the reply. I don't see any 'Box' numbers in the online self assessment? Can you advise if under the 'employment' section where it asks you to provide 'total pay to date' from your P45 - Do I insert that figure from the P45 minus the tax free amount of redundancy pay i.e statutory pay which is less than £30,000? Example is: * Total Pay To Date = £39,505. * Tax Paid = £12,659 * My redundancy -
Declaring Redundancy pay in Online Self Assessment
Hi, I have to fill in an online self assessment for 22-23. I was made redundant in May of 2022 but my statutory payment was under the £30k threshold. Upon completing the calculation part, it tells me I owe a large sum of tax. This does not make sense as I am PAYE and paid tax on all my earnings. My Pd11 from this year shows me not owing any tax. I believe I need to declare the redundancy amount that is non- taxable as feel this may have been included in my total payment under the employment section for my previous job and thinks I haven't paid enough tax? Can you advise, when entering total payment from my P60 in the 'employment field' do I deduct the non-taxable redundancy pay from this Total please?